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(U9) Daily Studies Highlight Downside....>

GILT TECHS
GILT TECHS: (U9) Daily Studies Highlight Downside Risks
*RES 4: 131.53 High Sep 7, 2016 on continuation charts
*RES 3: 131.18 U9 Bollinger band 2% top
*RES 2: 131.08 High May 31 (continuation)
*RES 1: 130.42/67 High June 13, 7
*PRICE: 129.98 @ Close June 12
*SUP 1: 129.52 Low June 4
*SUP 2: 129.17 21-dma
*SUP 3: 128.98 61.8% of 130.67-127.29
*SUP 3: 127.77 55-dma
U9 Gilts under pressure as hanging man candlestick pattern and comes following
break of a rising 13-day resistance line. In addition, bear-divergence on both
10-day momentum and 14-day RSI is also playing out with both studies poised to
break lower. Support is at 129.52 ahead of the 21-dma at 129.17.

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